Real Estate Sellers

The $54 million sale of the 552-unit, gated apartments The Park at Laurel Oaks signals investors' appetite for large multi-family deals, according to CBRE Senior Vice President Shelton Granade.

CBRE Capital Markets arranged the sale of the property, which was acquired from Laurel Oaks LLV by an affiliate of New York-based White Eagle Property Group. Granade, Luke Wickham and Justin Basquill of CBRE exclusively represented the seller.

"Many investors have a strong desire to place larger amounts of capital, so bigger deals are generating increased interest," said Granade; his group has closed three apartment...

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Banking
Michael Hershaft, was appointed vice president and SBA specialist at Florida Bank of Commerce.
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